Click here to advertise on CatholicCulture.org

Judge economic success by the common good, Pope says

Catholic World News - April 30, 2010

The worldwide economic crisis illustrates "the urgency of strengthening the governance procedures for the global economy," Pope Benedict XVI said on April 30. The Pontiff quickly added, however, that any new effort at economic regulation should pay "due respect to the principle of subsidiarity."

In his address to the 16th assembly of the Pontifical Academy of Social Sciences, which met this week to discuss the implications of the economic crisis, the Pope observed: "The worldwide financial breakdown has demonstrated the fragility of the present economic system and the institutions linked to it."

Any real solution to the problem, the Pope continued, must recognize the inherent weakness of an economic system based on "a spiral of production and consumption in view of narrowly-defined human needs." Leaders should concentrate not on temporary measures to shore up that system but on reforms intended to build "an authentically just and humane society," he said.

The proper measure of an economic system is the common good, the Pontiff said. He said that economic and political leaders should strive to create a system marked by both subsidiarity and solidarity, combining freedom and entrepreneurship with a concern for those in need. The Pope added that "the common good embraces responsibility towards future generations; intergenerational solidarity must henceforth be recognized as a basic ethical criterion for judging any social system."

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Progress toward our July expenses ($16,162 to go):
$35,000.00 $18,838.29
46% 54%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Subscribe for free
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Renewal with God Behind Us: Man Determines All 17 hours ago
Introducing the Church Fathers July 27
Straws in the Wind July 25
Hans Urs von Balthasar on Renewal that Matters July 25
Wrongheaded diocesan legal defenses in abuse cases July 24

Top Catholic News

Most Important Stories of the Last 30 Days
New management, new changes coming for reformed Vatican bank CWN - July 8
Sweeping reforms to Vatican's media, financial operations CWN - July 9
‘Even Genghis Khan didn’t do this’: Mosul emptied of Christians CWN - July 21